Hey all,
I'm looking for some advice on an investment plan. I currently have the following accounts. I just opened the two betterment accounts last week.
Vanguard $2500.00 spread across 4 accounts -- Midcap, large cap, international, and target retirement fund. These were setup through a previous employer that was matching me 3%.
Betterment: Roth Ira $550
Betterment: Emergency Fund: $1500 -- it is 60% stock, 40% bond allocated by Betterment. They recommend keeping 130% of your emergency fund in this account, so it doesn't lose value to inflation-- like it would sitting in a saving account with no interest.
Bank/cash: $4,500
Car loan: $4,500 (im making $400/month payments, so paid off in a year)
Currently I have $500 a month that I can invest. Once the car is paid off, then I could increase that to $800 a month.
Anyway, Question: Should I move the $2500 from the 4 vanguard funds to the betterment accounts? Which one(s)? Should I move the vanguard accounts to the Vanguard Total stock market index fund? How much of the $500/month should go to the betterment emergency fund and how much to the betterment Roth Ira, or should I keep putting some of that in vanguard?
Should I turn on tax loss harvesting on my betterment accounts?
I'm 28, so I have many years of investing ahead of me.